Home Buyer Question: Who Will Be At The Closing?

By
Real Estate Agent with Realtor®, GRI, Landis e2 Real Estate, LLC

In NC, we have a closing (or settlement) meeting which is when all of the deed, loan and settlement statement documents are signed, funds are collected - the final paperwork before the property can be transferred and recorded or officially closed.


A pretty common question for Charlotte NC home buyers is who will be at the closing (meeting)?


For my clients
You the home buyer will be thereI will be there with youThe closing attorney will also definitely be there.


Other people who may or may not be at the closing/settlement meeting
- The listing agent.  The seller(s) - if it's a bank owned home they won't be attending.  Your loan officer may or may not attend as well.


The closing/settlement meeting is almost the end of your home buying journey
.  It has to happen before the deed can be recorded and you become the official homeowner.


How long does the closing/settlement meeting take?
When buying a home in Charlotte NC, generally somewhere around 45 minutes to an hour.


Before we get to the closing/settlement meeting we'll have seen the final settlement statement workout, you'll know the amount of certified funds you need to bring with you
and we'll have been able to verify that your loan details and monthly mortgage payment are what you were expecting.


So if you're buying a home in Charlotte NC, you and I will be at the closing/settlement meeting together just as we've gone through the rest of the home buying process
and we'll have some company at the meeting at the very least with the attorney handling all of the documents (and money!).


It's one of the last steps to completing your home buying journey successfully
and for my home buyer clients we'll attend it together.


Originally posted at
: Charlotte NC Real Estate Market, Real Estate and Local Charlotte NC Information

Copyright©2011 by Diane McDermott, All Rights Reserved, “Home Buyer Question: Who Will Be At The Closing?"

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The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC's real estate market serving neighborhoods in Charlotte NC

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Show All Comments
Rainer
142,289
Karen Burket
Bank of Oregon a division of Willamette Valley Bank - Medford, OR
Valley Mortgage Grou, Conventional, FHA, VA, mortgages

As a loan officer, I ALWAYS attend a closing on a purchase transaction.  I think it's important for me to be there should my clients have questions with regard to any of the loan documents.  It's also a great time for me to meet personally, the Realtor who I may not have known previously.

Best~
Karen

Mar 08, 2011 03:23 PM #1
Rainmaker
564,387
Diane McDermott
Realtor®, GRI, Landis e2 Real Estate, LLC - Charlotte, NC
Charlotte NC Real Estate Market

Karen, I love when the loan officer shows up!  Even if everything goes super smoothly it's still a nice reassurance for the buyers and yes, a good chance for the agent to meet you face to face :)

Mar 08, 2011 03:54 PM #2
Rainmaker
286,569
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Kudos to Karen!  In almost 14 years of attending closings with my clients, I don't think the loan officer has been there more than a handful of times.  

Mar 08, 2011 08:18 PM #3
Ambassador
839,130
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Diane - A very nice and clear explanation of closing on a home purchase.

Mar 09, 2011 01:36 PM #4
Rainmaker
564,387
Diane McDermott
Realtor®, GRI, Landis e2 Real Estate, LLC - Charlotte, NC
Charlotte NC Real Estate Market

Dianne, Agreed!  It's a nice surprise when the loan officer does attend but much more common that they don't

Thanks Connie!

Mar 09, 2011 04:47 PM #5
Rainer
44,240
Kelly (Byrnes) Waugh
Fairway Independent Mortgage Corp - Cornelius, NC
CMPS, CMC

Wow!  I am really surprised to hear that even in this market loan officers are not attending the closings.  That is unacceptable.  I'm with you Karen, I go to every loan closing to not only provide added support for my clients as well as the agents, but to be there in case questions, concerns, issues arise.  Great post Diane :-)

Mar 11, 2011 11:13 AM #6
Rainmaker
564,387
Diane McDermott
Realtor®, GRI, Landis e2 Real Estate, LLC - Charlotte, NC
Charlotte NC Real Estate Market

Thanks Kelly!  It really is nice when all of the buyer's "team" is there to support them when it all comes together, definitely sends a great message of how important they are to us :) 

Mar 11, 2011 06:19 PM #7
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Rainmaker
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Diane McDermott

Charlotte NC Real Estate Market
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